“Singapore residential property market remains resilient despite downturn.”
“HDB resale prices up for the fifth straight month in November 2020.”
“Number of HDB resale flats sold for at least $1m hits new high, 72 in first 11 months of 2020.”
Never mind the pandemic. Judging from these online news headlines, the local property market still seems to be buzzing. It defies all logic. Isn’t the global economic crisis causing companies to close and people to lose their jobs or take pay cuts?
If you’re a homebuyer hoping for HDB resale flat prices to head south, here are three reasons why this may not happen any time soon.